In a major development for India’s retail and tech sector, the Securities and Exchange Board of India (SEBI) has approved Lenskart’s Draft Red Herring Prospectus (DRHP), paving the way for the eyewear retailer’s much-anticipated initial public offering (IPO).
According to reports, Lenskart plans to raise ₹2,150 crore through a fresh issue of shares. Additionally, existing investors and promoters will participate through an Offer for Sale (OFS) of about 13.23 crore shares, potentially taking the total IPO size to nearly ₹7,500–₹8,000 crore.
Lenskart IPO Highlights
| Details | Information |
|---|---|
| Company Name | Lenskart Solutions Ltd. |
| Industry | Eyewear Retail / E-commerce |
| IPO Type | Fresh Issue + Offer for Sale (OFS) |
| Fresh Issue Size | ₹2,150 crore |
| Total Estimated IPO Size | ₹7,500–₹8,000 crore (approx.) |
| Regulator Approval | SEBI |
| Expected Listing Date | November 2025 (tentative) |
| Lead Managers | Kotak Mahindra Capital, Morgan Stanley, Goldman Sachs, Axis Capital |
Use of IPO Proceeds By Lenskart
The company aims to use the proceeds from the fresh issue for the following purposes:
- Expanding its company-owned retail stores across India
- Funding store leases, rentals, and licensing
- Investing in technology and cloud infrastructure
- Brand marketing and advertising initiatives
- Inorganic acquisitions and general corporate purposes
Lenskart Financial Performance
Lenskart continues to show strong growth momentum:
- Revenue (FY25): ₹6,652.5 crore (up 22.5% YoY)
- Net Profit (FY25): ₹297.34 crore (compared to a loss in FY24)
- EBITDA (FY25): ₹971 crore (up 44.5% YoY)
The eyewear leader’s profitability marks a major turnaround as it prepares for its public debut.
Also Read: IPO Update: Sterlite Electric Files IPO For ₹1,500 Cr
Market Buzz & Investor Sentiment
Analysts expect strong investor interest given Lenskart’s dominant brand presence, tech-driven retail strategy, and global expansion (including UAE and Southeast Asia).
However, valuation expectations and market conditions will be crucial factors determining the IPO’s success.
What’s Next
Following SEBI’s nod, Lenskart will soon file its final prospectus, announce the price band, and open the IPO for subscription—expected around November 2025, subject to market approval.
About Lenskart
Founded by Peyush Bansal in 2010, Lenskart is India’s leading omnichannel eyewear brand, offering a range of products including prescription glasses, sunglasses, and contact lenses. With over 2,000 stores across India and abroad, the company has become a household name for affordable, tech-enabled eyewear solutions.
Quick Summary About Lenskart IPO
- ✅ SEBI approves Lenskart’s ₹2,150 crore IPO
- 💼 OFS includes 13.23 crore shares from investors
- 📊 FY25 revenue up 22%, net profit ₹297 crore
- 📍 Expected listing: November 2025
